Assume that we want to find the probability that when five consumers are randomly selected, exactly two of them are comfortable
with delivery by drones. Also assume that 38% of consumers are comfortable with the drones (based on a survey). Identify the values of n, x, p, and q. The value of n is __. (Type an integer or a decimal. Do not round.) The value of x is __. (Type an integer or a decimal. Do not round.) The value of p is __. (Type an integer or a decimal. Do not round.) The value of q is ___ . (Type an integer or a decimal. Do not round.)
From the given data, the value of N is equal to 5, The value of X is equal to 2. Since 38% of the consumers are comfortable with drone, this makes the value of P equal to 0.38. And now using the equation to find Q = 1 - P, where P is 0.38, we now get 1 - 0.38, therefore Q = 0.62. To summarize, N =5; X = 2; P = 0.38; Q = 0.62